According to a press release, the agreement encompasses the acquisition of a 0.615 per cent participating interest (PI) in the ACG field and a 0.737 per cent shareholding in the Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary, ONGC BTC Limited.
A long-term contract for LNG Sale and Purchase Agreement was signed on Tuesday between India's state-run oil and gas company 'Petronet LNG' and Qatar's 'Qatar Energy'.